Replies to post #65019 on Andiamo Corp. (ANDI)

[CliffRaRaRa86]

it means that you will get a certain number of preferred shares issued for free based on the number of common shares you hold on May 20th. The conversion rate is not specified.
You are then entitled to convert each new preferred share into 100,000 new common shares.

That's nothing more then a reverse split for dummy's.

[XFactor1]

It says it goes off the value not the amount of shares so if you have a 1000 dollars worth of andi take 1000/2.50 gives you 400 preferred equivalent to 40 million common once converted.